S&P500 Day Trading Course Gap for Mar 29,2010
Friday’s trading opened the day at 1164.25, up 2.75 points through the overnight. Prices traded a 13.25 point range through the day hitting an intraday high of 1169.75 and low of 1156.50. Prices closed trading today at 1161.75.
The emini remained consolidated over all again this week, despite volume increasing from last week. Today traded about 2.15M contracts, slightly less than Thursday’s peak for the week of about 2.4M.
S&P500 day trading course NY close
S&P500 day trading course NY close. The S&P500 emini futures markets have an upside bias. The medical and pharmaceutical companies will be making out like the financials have with the passing of Obamacare.
Looking for a double top on the hourly with an extended target to 1182 with in the next two days. Still looking for a 1225 target to come on before it rolls over. Obama aid for the financials is over this month so if we don’t get there with in a week don’t expect much.
The collapse of the Eurozone and the entry of the IMF (US Treasury) could signal a flight to the dollar and maybe some US equities buying. Keep a heads up on news from Germany, since they are the only country that counts.
S&P500 day trading course NY close
S&P 500 Day Trading Course gap for Mar 22, 2010 Support and Resisatnce
15min from Friday Mar 19, 2010
Watching for the move on Monday. Friday’s 14.75 point range was better than the last couple weeks have seen, especially after failing at the 1160 level and swinging back into the trend. I am watching to see a retracement to the 1134 level and then watch for decision on direction there. Low side target will be at 1123.00, with a high side at the 1233.00 area of resistance. Watch volume as we will need an increase to take prices further out of these consolidated ranges. Maybe the news surrounding the public health care will start off the week with a kick!
One ways to find out,
See you at the starting line!
